Tadhamon Capital early exits from Tadhamon Aviation Equipment Fund

On 19th April 2015, Tadhamon Capital has announced the successful compilation of its early exit and the liquidation of Tadhamon Aviation Equipment Fund. Tadhamon Capital originally structured the Fund in 2012 to finance the purchase of A330 Simulator of US$13.5 Million then leased to Gulf Aviation Academy (GAA), a subsidiary of Mumtalakat for five years. GAA run and the A330 Simulator and provided flight training programs and attracted many airlines in the region which significantly enabled GAA to diversify its sources of income.

Mr. Maisarh Yaseen - Director of Treasury at Tadhamon Capital stated “We are delighted to announce the successful exit of the Fund that allowed us to deliver attractive dividends to our investors. We worked closely with GAA to provide them with attractive finance options enabling them to become a regional leading training center. The Aviation Fund was able to achieve attractive and stable returns to investors within a 27 month period.  The early exit confirms the success of our strategies and efforts to provide a variety of Shariah compliant investment opportunities to our investors in all asset classes.

Commenting on the transaction, Mr. Ahmed Sultan, Chief Executive Officer in Tadhamon Capital, said: "We are pleased to collaborate with both GAA & Mumtalakat Bahrain to provide alternative Islamic financing options that complements their growth strategy in line with the Kingdome of Bahrain’s 2030 visions. The early exit has been able to demonstrate Tadhamon’s ability to achieve the full investment cycle from origination to exit in various asset classes. The exit comes after the Tadhamon’s restructuring process last summer and now we are working on growing our asset under management to venture into similar creative Islamic structured products”.